On December 29. 2022, the latest Strategy Analytics report stated that 5G is the main contributor to the improvement of operator performance this year. In just a few months, 5G subscriptions increased from 819 million in June to 924 million in September, and surpassed 1 billion in the past 4-5 weeks.
At the same time, the global 5G development momentum continues to increase. By the end of this month, 5G networks will cover 36% of the world's population, and 5G mobile phones will soon account for half of global mobile phone sales. Previously, relevant data from the Ministry of Industry and Information Technology showed that as of the end of November, the total number of mobile phone users of China three basic telecommunications companies reached 1.684 billion. Among them, 5G mobile phone users reached 542 million, accounting for 32.2% of mobile phone users.
the report states that In China there were 524 million 5G users in October, up 48% from the beginning of the year, accounting for 31% of all connections. As a key market for 5G, China has made strong progress in enterprise services: China Mobile's 5G private network revenue rose 223% in the first half (with 4,400 projects), while China Unicom's 5G (virtual) private 2014 increased to 3416 in November.
Strategy Analytics expects 5G to continue to grow strongly globally in 2023. With 5G services in India going live last month, the market will make an additional contribution to Asia-Pacific growth next year, while more operators in Latin America will follow the examples of Brazil and Chile to expand the scope of 5G coverage.
